Gold prices make a vertical spread look attractive

Gold prices have come under pressure after better than expected economic data raised U.S. yields creating headwinds for the precious metals market making a vertical options spread look appealing.
The decline in riskier Japanese assets is also creating a deleveraging process where investors who are underwater on their Nikkei positions are selling assets such as gold to handle margin calls. Gold volatity remains elevated, allowing investors to benefit from further market volatility………………………………………..Full Article: Source